If a project has a net present value equal to zero, then:

Multiple Choice

the total of the cash inflows must equal the initial cost of the project.

the project earns a return exactly equal to the discount rate.

a decrease in the project's initial cost will cause the project to have a negative NPV.

any delay in receiving the projected cash inflows will cause the project to have a positive NPV.

the project's PI must also be equal to zero.